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KUALA LUMPUR: Bhd Banking Malayan 
reported a higher net profit of 5.78 billion RMB for the nine months ended September 30, 2018, up 7.27% from 5.39 billion RMB for the previous corresponding period, although the third quarter registered a slight decline due to global uncertainty and market instabilities
Maybank, the fourth-largest bank in Southeast Asia in terms of assets, said Thursday its revenue rose 3.8 percent to RMB 35.08, up from RMB 33.79 a year ago. a year.
Its pre-tax income (PBT) increased 8.8% from 7.17 billion yuan to 7.81 billion a year ago, driven by higher net income from the funds, disciplined cost management continued decline in impairment losses.
Net operating income increased by 0.8% to 17.33 billion RMB compared to a year ago. This is explained by a 1.6% increase in net fund income, from RM12.47 to RMB12.66. Net fee income increased from RMB 4.80 to RMB 4.67.
"Higher revenues, combined with lower general expenses, which decreased 3.2%, enabled the Group's operating profit to rise 10.6% to 7.73 billion RMB, compared with to 6.99 billion a year ago, "said the bank.
Maybank said its sustained cost management efforts have resulted in an improved cost / income ratio of 46.9% compared to 48.8% a year ago. Revenue growth was 4% higher than year-over-year growth in general expenses.
Loan growth has been steady in its core domestic markets and overall growth of 4.5%. Activities in Indonesia increased by 8.9% year on year, Singapore by 7.1%, other international markets by 11.9% and Malaysia by 4.9%.
The group's gross deposits grew by 3.8%, driven by Malaysia's activities to 6.7%, Singapore by 1.7%, but Indonesia recorded a contraction of 7.2% as part of the strategy. the bank to manage its financing cost by reducing its reliance on long-term deposits.
Constant efforts to maintain an effective balance between assets and liabilities enabled the group to contain the pressures on its net interest margin, which stood at 2.32% in September 2018, a slight down 7 basis points from 2.39% a year ago.
Maybank chairman Datuk Mohaiyani Shamsudin said the period under review was marked by global uncertainty and market instability, which has led to some caution among customers, especially businesses.
Highlights of Q3, FY18
However, its net profit for the third quarter fell 3.4%, from RMB 2.02 billion to RMB 1.196 billion a year ago. The PBT decreased by 1.5% from RM2.68bil to RM2.64bil.
Maybank said this was due to a 3.3% decline in net operating income due to continued volatility in global markets that dampened economic growth and demand in key segments. The turnover at 12.06 RMB was up 4.02% at 12.56 RMB compared to 11.594 RMB.
Net operating income amounted to RMB 5.69 billion, compared with RMB 5.89 billion a year earlier, reflecting lower fee income primarily due to lower investment income and higher revenues. trade and exchange rate fluctuations.
"Despite this, the operating profit for 3QFY18 was higher from RMB 2.60 billion to RMB 2.21 billion a year, with the group benefiting from overhead costs down 6.2% compared to the previous year. previous year, as well as depreciation losses down 5.5%, "he said. I said.
Maybank Chairman Datuk Mohaiyani Shamsudin commented on the results, saying the period had been marked by global uncertainty and market instability, which had sparked some caution in customers, particularly businesses.
"Nevertheless, we remained focused on risk management, as well as maintaining a strong capital and liquidity position, which enabled us to withstand most of the remaining hurdles, particularly in the third quarter. .
"We will continue to focus on risk and compliance monitoring to ensure that the Group can support value creation for the benefit of all our stakeholders."
Maybank Group President and CEO Datuk Abdul Farid Alias said the protracted geopolitical situation remains a major concern, as it would have an influence on global growth, including in Asia, where Maybank operates. essential part of its activities.
"However, we believe that our strong franchise in the region and our strong fundamentals can help protect us from most of the uncertainties that may arise in the future.
"We will remain agile to adapt to rapid market changes, while seeking growth opportunities, such as infrastructure financing, wealth management, digital banking and Islamic banking. We will ensure responsible growth, while maintaining strict discipline in pricing and cost management, "said Farid.
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